The 2023 job market posed significant challenges for top U.S. and European business schools, including Carnegie Mellon’s Tepper School of Business. Despite the tough environment, Tepper MBAs displayed resilience, outperforming many peers with strong employment outcomes as reported in their annual employment report.
Key 2023 Employment Outcomes for Tepper MBAs:
- 94% received job offers within three months of graduation.
- 92% accepted job offers, a slight decrease from 97% in 2022.
- Median MBA starting salary rose by nearly 9% to $161,000.
Tepper’s Masters Career Center played a crucial role in these outcomes, ranked No. 8 globally by The Financial Times. The center’s initiatives included connecting students with employers and alumni through various events and outreach efforts. These included the reintroduction of the Tepper Masters Career Fair and a new virtual event focusing on MBA leadership development programs.
Alumni played a significant role, with Tepper praising their efforts in aiding students’ job searches. Graduates appreciated the personalized support from the career center, highlighting its impact on their success in securing offers in investment banking and consulting.
Employment by Industry for Tepper MBAs (2023):
- Consulting: 42.2% entered, with an average salary of $172,787.
- Technology: 28.6% entered, with an average salary of $144,824.
- Financial Services: 13.5% entered, with an average salary of $158,080.
- Other sectors: Biotech/Health/Pharma, Energy, Manufacturing, Media/Entertainment.
Despite the job market headwinds, Tepper MBAs’ skills remained in high demand, with the school proud of its role in shaping graduates for the evolving business landscape.
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